Federal grant · cooperative agreement (b)

E-Vac Magnetics LLC

Manufacturing Facility of Sintered Rare Earth Permanent Magnets Based on Neodymium-iron-boron (NDFEB) Including the Production of the Required Rare Ea

Committed

$94.1 Million

Paid to

E-Vac Magnetics LLC

UEI PYJFEDSM5KA8

2935 Dolphin DR Ste 102, Elizabethtown, KY, 42701

Department of Defense

Department of the Air Force

Place

UNITED STATES

Performance

Sep 12, 2023 → Mar 12, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · cooperative agreement (b)

Department of Defense

Department of the Air Force

Defense Production Act Title III (DPA Title III) to

E-Vac Magnetics LLC

Manufacturing Facility of Sintered Rare Earth Permanent Magnets Based on Neodymium-iron-boron (NDFEB) Including the Production of the Required Rare Ea

Committed

$94.1 Million

Paid to

E-Vac Magnetics LLC

UEI PYJFEDSM5KA8

2935 Dolphin DR Ste 102, Elizabethtown, KY, 42701

Department of Defense

Department of the Air Force

Place

UNITED STATES

Performance

Sep 12, 2023 → Mar 12, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗